South Dakota § 57A-9-331 Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other chapters--Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters

South Dakota Statutes

§ 57A-9-331 — Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other chapters--Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-6 SECURED TRANSACTIONS

(a)This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in chapters 57A-3 , 57A-7 , 57A-8 , and 57A-12 .

(b)This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under chapter 57A-8 or 57A-12 .

(c)Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or per

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(a) This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in chapters 57A-3 , 57A-7 , 57A-8 , and 57A-12 . (b) This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under chapter 57A-8 or 57A-12 . (c) Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b).

South Dakota § 57A-9-331 (Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other chapters--Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.